Beruflich Dokumente
Kultur Dokumente
INSTRUCTIONS TO CANDIDATES
4 You will be allowed 10 minutes to go through the paper before the start of the
examination, you may write on this paper but not in the answer book.
7 All persons writing examinations without payment will risk expulsion from the
Institute.
8 If you are caught cheating, you will be automatically disqualified in all subjects
seated this semester.
QUESTION 1
Explain three ways in which an exemption clause can be incorporated into a contract
under common law? (Total 15 marks)
QUESTION 2
Explain and criticize the principle of branch separateness and whether it still applies
today? (Total 15 marks)
QUESTION 3
Capital can be classified in a variety of ways. One division is between secured and
unsecured capital. Unsecured capital can be divided into senior and subordinated
capital. Write notes on subordinated capital (Total 15 marks)
QUESTION 4
Outline and explain any five key elements of a Bank’s Money Laundering
Compliance Programme? (Total 15 marks)
QUESTION 5
Required:
With reference to case law, respond to X’s query as he approaches you as his banker
to explain to him what a letter of credit is and how it can be used to ensure that he is
paid for his maize. (Total 20 marks)
QUESTION 6
Required:
With reference to priority of claims, advise whether Instagram Limited will be able
to get its money back. (12
marks)
QUESTION 7
b) What are the options available to a Bank against a third party who accepts
security in breach of a negative pledge? (15
marks)
(Total 20 marks)
QUESTION 8